Showing 1 - 10 of 72
We introduce a kernel-based estimator of the density function and regression function for data that have been grouped into family totals. We allow for a common intra-family component but require that observations from different families be in dependent. We establish consistency and asymptotic...
Persistent link: https://www.econbiz.de/10012771053
his paper deal with aggregation of AR(1) micro variables driven by a common and idiosyncratic shock with random …
Persistent link: https://www.econbiz.de/10012771075
In response to recent work on the aggregation of individual judgments on logically connected propositions into … collective judgments, it is often asked whether judgment aggregation is a special case of Arrowian preference aggregation. We … argue the op- posite. After proving a general impossibility result on judgment aggregation, we construct an embedding of …
Persistent link: https://www.econbiz.de/10012766351
Local linear fitting is a popular nonparametric method in nonlinear statistical and econometric modelling. Lu and Linton (2007) established the point wise asymptotic distribution (central limit theorem) for the local linear estimator of nonparametric regression function under the condition of...
Persistent link: https://www.econbiz.de/10013135542
Bajari, Benkard and Levin (2007) propose an estimation methodology for a broad class of dynamic optimization problems. To carry out their procedure, one needs to select a set of alternative policy functions and compare the implied expected payoffs with that from the data. We show that this can...
Persistent link: https://www.econbiz.de/10013135543
We propose a multivariate generalization of the multiplicative volatility model of Engle and Rangel (2008), which has a nonparametric long run component and a unit multivariate GARCH short run dynamic component. We suggest various kernel-based estimation procedures for the parametric and...
Persistent link: https://www.econbiz.de/10013148178
This paper develops methodology for nonparametric estimation of a polarization measure due to Anderson (2004) and Anderson, Ge, and Leo (2006) based on kernel estimation techniques. We give the asymptotic distribution theory of our estimator, which in some cases is nonstandard due to a boundary...
Persistent link: https://www.econbiz.de/10013148181
We use local polynomial fitting to estimate the nonparametric M-regression function for strongly mixing stationary processes {(Y_i,▁X_i ) } . We establish a strong uniform consistency rate for the Bahadur representation of estimators of the regression function and its derivatives. These...
Persistent link: https://www.econbiz.de/10013148183
We propose a general two-step estimation method for the structural parameters of popular semiparametric Markovian discrete choice models that include a class of Markovian Games and allow for continuous observable state space. The estimation procedure is simple as it directly generalizes the...
Persistent link: https://www.econbiz.de/10014192735
We examine individuals' distributional orderings in a number of contexts. This is done by using a questionnaire-experiment that is presented to respondents in any one of seven quot;flavoursquot; or interpretations of the basic distributional problem. The flavours include inequality, risk, social...
Persistent link: https://www.econbiz.de/10012772153